Core Viewpoint - The Shanghai Municipal Government and China Resources (Group) Co., Ltd. signed a strategic cooperation agreement to enhance collaboration across multiple sectors, aiming for mutual benefits and high-quality development [1] Group 1: Strategic Cooperation - The agreement emphasizes leveraging Shanghai's technological innovation, industrial clustering, and business environment alongside China Resources' diverse industry strengths and expertise in state-owned capital investment [1] - The partnership will focus on cooperation in key areas such as integrated circuits, pharmaceuticals and healthcare, energy services, urban construction and operation, industrial finance, and technology and emerging industries [1] Group 2: Goals and Objectives - The collaboration aims to achieve complementary advantages between central and local governments, promoting high-quality development and integration [1] - The initiative supports China Resources in its goal to become a globally competitive world-class enterprise while assisting Shanghai in becoming a modern international metropolis with global influence [1]

Group 1 - Shanghai Municipal Government and China Resources (Group) Co., Ltd. signed a strategic cooperation agreement on August 18 [1][2] - The agreement aims to leverage Shanghai's technological innovation, industrial agglomeration, and business environment alongside China Resources' diversified industry advantages and expertise in state-owned capital investment [2] - The cooperation will focus on multiple sectors including integrated circuits, pharmaceuticals and healthcare, energy services, urban construction and operation, industrial finance, and technology and emerging industries [2] Group 2 - The partnership seeks to achieve complementary advantages between central and local governments, promoting mutual benefits and high-quality development [2] - The collaboration aims to assist China Resources in becoming a globally competitive world-class enterprise while helping Shanghai establish itself as a modern international metropolis with global influence [2]

Group 1 - The company reported total revenue of HKD 240.663 billion for the first half of 2025, representing a year-on-year increase of 3.45% [1] - The reported profit attributable to ordinary shareholders was HKD 0.852 billion, a significant decrease of 91.65% year-on-year, while the basic profit attributable to ordinary shareholders increased by 10.94% to HKD 11.321 billion [1] - The interim dividend proposed is HKD 0.71 per share [1] Group 2 - The company's basic net profit, calculated under IFRS 16 before adjustments, grew by 11% year-on-year to HKD 11.362 billion [1] - The growth was driven by a 7% increase in basic EBITDA and a 9% increase in EBIT compared to the first half of 2024, primarily due to strong performance in the port sector, improvements in retail, increased contributions from infrastructure, and favorable results from CK Hutchison Group Telecom and treasury operations [1] - The company faced adverse impacts on growth due to falling commodity prices and significant maintenance activities that reduced contributions from Cenovus Energy [1] Group 3 - The company recognized a one-time non-cash loss of HKD 10.922 billion related to the UK merger under IFRS 16 before adjustments [2] - After accounting for this loss, the reported profit attributable to ordinary shareholders for the six months ended June 30, 2025, was HKD 0.44 billion [2] - The net cash received from the merger was approximately GBP 1.3 billion [2]

Core Viewpoint - Swire Properties reported a revenue of HKD 45.774 billion for the six months ending June 30, 2025, representing a year-on-year increase of 16%. However, the attributable profit to shareholders decreased by 79% to HKD 0.815 billion [1] Financial Performance - The basic attributable profit for the first half of 2025 was HKD 5.476 billion, compared to HKD 5.576 billion in the same period of 2024 [1] - Excluding significant non-recurring items, the recurring basic profit for the first half of 2025 was HKD 4.712 billion, slightly down from HKD 4.762 billion in 2024 [1] Property Valuation - The fair value loss on investment properties increased significantly, amounting to HKD 4.664 billion in the first half of 2025, compared to HKD 0.877 billion in the same period of 2024. This fair value change is non-cash in nature and does not impact cash flow or basic profit attributable to shareholders [1] Share Buyback - The company repurchased 25.119 million A shares and 15.402 million B shares during the first half of 2025, with a total cash consideration of HKD 1.842 billion. The average purchase price was HKD 66.8 per A share and HKD 10.7 per B share. The total planned share buyback amounts to HKD 5.9 billion [1]

Core Viewpoint - The chairman of Cheung Kong Holdings (00001.HK), Li Ka-shing, stated that there are no plans to sell the property located at 79 Deep Water Bay Road in Hong Kong, and reports on social media regarding the sale are unfounded [1] Group 1 - The chairman's statement clarifies the company's position on the property, countering rumors circulating online [1]

Group 1 - Li Ka-shing, at 97 years old, remains the richest person in Hong Kong with a net worth of $37.3 billion, despite showing signs of aging [1] - His life story reflects the rise of Chinese capital over 70 years, with his name becoming synonymous with global business history [1][4] - Li Ka-shing's family wealth is estimated to exceed HKD 1.1 trillion, representing only a fraction of his total assets [4] Group 2 - Li Ka-shing has shown a long-standing interest in life sciences, investing in various health-related ventures over the past three decades [6] - His investments include the establishment of the Cheung Kong Life Sciences and partnerships with pharmaceutical companies, as well as significant donations to biomedical research [6][11] - The health technology sector has seen rapid growth, with products like 'Easy Active' gaining popularity and generating significant sales [6] Group 3 - Despite his age, Li Ka-shing continues to actively participate in investment decisions, indicating his ongoing interest in business opportunities and long-term family legacy [11] - The Li Ka-shing Foundation, established in 1980, serves as a key platform for his philanthropic efforts, focusing on artificial intelligence education and cancer treatment [11] - His recent collaboration with Temasek Trust to invest nearly HKD 70 million in cancer therapy clinical trials highlights his commitment to advancing medical research [9] Group 4 - The narrative of Li Ka-shing's decline parallels the end of an era that allowed individual heroes to create capital myths, marking a significant shift in the economic landscape [12][13] - His legacy is expected to endure beyond his lifetime, as he has left an indelible mark on the business world [12]

Group 1 - Li Auto has completed the adjustment of payment terms for direct suppliers to 60 days, with monthly payments made twice [1] - China Resources Group reported a revenue of 437.6 billion yuan and a profit of 47.4 billion yuan for the first half of 2025, achieving double growth [1] Group 2 - Beijing will distribute 10 million yuan in movie viewing subsidies to stimulate urban consumption during the summer and National Day periods [2][3] - The range of "zero tariff" goods in Hainan Free Trade Port will expand to approximately 6,600 tax items, increasing coverage by nearly 53 percentage points [4] Group 3 - The Jiangxi Jingdezhen Taoyangli Scenic Area has opened its pedestrian street for free after criticism regarding its charging practices [5][6] - The ticket prices for the National Games in Hong Kong are expected to range from approximately 50 to 500 HKD, aiming to attract more spectators [7] Group 4 - The Ministry of Agriculture and Rural Affairs held a meeting to promote high-quality development in the pig industry, inviting major enterprises to discuss industry challenges and solutions [8] - ZhiYuan has launched its quadruped robot D1 ULTRA, designed for special applications, security inspections, and educational purposes [9][10] Group 5 - Aniplex reported that the new film "Demon Slayer" achieved a record box office of 5.52 billion yen in its first three days, surpassing previous records [11] - Taobao Flash Sale denied rumors regarding internal expert interviews and stated that all operational strategies follow normal business practices [12] Group 6 - The China Ride-Hailing Association issued an apology for misleading information regarding the ban on fuel vehicles in Beijing's ride-hailing platforms [13] - The commercial insurance premium for new energy vehicles exceeded 66.17 billion yuan in the first half of the year, showing a year-on-year growth of over 41% [14]